v3.25.2
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay-Versus-Performance
Table
The following table provides information regarding “compensation actually paid” to our Chief Executive Officer and President, who is our principal executive officer (“
PEO
”), and our other
non-PEO
NEOs for each of our fiscal years ended March 31, 2025, 2024, 2023, 2022 and 2021 and our financial performance for each such fiscal year:
 
                           
Value of Initial $100

Investment Based on:
             
Fiscal Year
 
Summary

Compensation
Table Total
for PEO
(1)

($)
   
Compensation
Actually Paid
to PEO
(1)(2)

($)
   
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs
(1)

($)
   
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
(1)(2)

($)
   
Total
Stockholder
Return

($)
   
Peer Group
Total
Stockholder
Return
(3)

($)
   
Net
Income

(in
thousands)

($)
   
Diluted
Earnings
per
Share

($)
 
2025
    1,191,679       2,140,427       464,106       2,247,009       200       96       95,165       1.83  
2024
    966,969       1,901,252       485,139       1,937,349       256       85       76,252       1.47  
2023
    2,090,066       3,389,141       413,594       2,313,754       349       116       66,365       1.26  
2022
    1,420,744       4,464,818       482,747       5,014,662       309       124       66,410       1.22  
2021
    1,510,130       3,728,177       467,858       3,419,311       188       149       46,356       0.85  
 
(1)
The table below includes the name of each individual serving as an NEO during our last five fiscal years, including our PEO:
 
Fiscal Year
  
PEO
  
Non-PEO
NEOs
2025
   Michael G. Combs    Mark E. Bertels, Maxim Shishin, Brandon T. O’Brien, Jennifer L. Yoss
2024
   Michael G. Combs    V. Gordon Clemons,
Mark
E. Bertels, Maxim Shishin, Brandon T. O’Brien, Jennifer L. Yoss
2023
   Michael G. Combs    V. Gordon Clemons, Mark E.
Bertels
, Maxim Shishin, Brandon T. O’Brien, Jennifer L. Yoss
2022
   Michael G. Combs    V. Gordon Clemons, Diane J. Blaha, Maxim Shishin, Brandon T. O’Brien, Jennifer L. Yoss
2021
   Michael G. Combs    V. Gordon Clemons, Diane J. Blaha, Maxim Shishin, Brandon T. O’Brien, Jennifer L. Yoss
 
(2)
The table below provides the adjustments to the Summary Compensation Table total compensation made to arrive at the compensation actually paid to the PEO and the aver
a
ge compensation actually paid to the
non-PEO
NEOs:
 
Fiscal Year
 
Executives
 
Summary
Compensation
Table Total

($)
   
Minus –
Amount
Reported in
the “Option
Awards”
Column in

the

Summary
Compensation
Table ($)
   
Plus – Fair
Value of
Awards
Granted
During
Covered
Fiscal Year
that Remain
Outstanding
and
Unvested as
of Covered
Fiscal Year
End ($)
(a)
   
Plus/Minus –
Change in
Fair Value of
Outstanding
and
Unvested
Awards
Granted in
Prior Fiscal
Years ($)
(b)
   
Plus/Minus –
Change in
Fair Value of
Awards
Granted
During Prior
Fiscal Years
that Vested
During the
Covered
Fiscal Year

($)
(c)
   
Minus Fair
Value of
Awards
Granted
During
Prior Fiscal
Years that
were
Forfeited
During the
Covered
Fiscal Year

($)
   
Compensation
Actually Paid
($)
 
2025
  PEO     1,191,679       95,669       53,113       343,505       647,799       —        2,140,427  
  Average
for
Non-
PEO NEOs
    464,106       95,046       428,028       187,966       1,261,955       —        2,247,009  
2024
  PEO     966,969       —        —        701,539       232,744       —        1,901,252  
  Average
for
Non-
PEO NEOs
    485,139       178,369       676,067       565,128       389,384       —        1,937,349  
2023
  PEO     2,090,066       1,176,522       —        2,387,906       90,528       (2,836     3,389,141  
  Average
for
Non-
PEO NEOs
    413,594       148,254       —        1,917,315       138,017       (6,918     2,313,754  
2022
  PEO     1,420,744       309,939       —        1,780,517       1,573,496       —        4,464,818  
  Average
for
Non-
PEO NEOs
    482,747       150,374       —        2,759,634       1,922,655       —        5,014,662  
2021
  PEO     1,510,130       543,248       77,425       1,802,464       912,931       (31,525     3,728,177  
  Average
for
Non-
PEO NEOs
    467,858       174,865       —        2,286,279       878,058       (38,019     3,419,311  
 
  (a)
The fair value
amounts
are calculated in accordance with
ASC Topic 718 Compensation – Stock Compensation
(“
ASC 718
”), determined as of the covered fiscal year end.
  (b)
The fair value amounts are determined based on the change in fair value from the prior fiscal year end to the covered fiscal year end calculated in accordance with ASC 718.
  (c)
The fair value amounts are determined based on the change in fair value from the prior fiscal year end to the vesting date calculated in accordance with ASC 718.
 
(3)
The peer group used for this purpose is the Nasdaq Healthcare Services Index.
       
Company Selected Measure Name Diluted Earnings per Share        
Named Executive Officers, Footnote
(1)
The table below includes the name of each individual serving as an NEO during our last five fiscal years, including our PEO:
 
Fiscal Year
  
PEO
  
Non-PEO
NEOs
2025
   Michael G. Combs    Mark E. Bertels, Maxim Shishin, Brandon T. O’Brien, Jennifer L. Yoss
2024
   Michael G. Combs    V. Gordon Clemons,
Mark
E. Bertels, Maxim Shishin, Brandon T. O’Brien, Jennifer L. Yoss
2023
   Michael G. Combs    V. Gordon Clemons, Mark E.
Bertels
, Maxim Shishin, Brandon T. O’Brien, Jennifer L. Yoss
2022
   Michael G. Combs    V. Gordon Clemons, Diane J. Blaha, Maxim Shishin, Brandon T. O’Brien, Jennifer L. Yoss
2021
   Michael G. Combs    V. Gordon Clemons, Diane J. Blaha, Maxim Shishin, Brandon T. O’Brien, Jennifer L. Yoss
       
Peer Group Issuers, Footnote The peer group used for this purpose is the Nasdaq Healthcare Services Index.        
PEO Total Compensation Amount $ 1,191,679 $ 966,969 $ 2,090,066 $ 1,420,744 $ 1,510,130
PEO Actually Paid Compensation Amount $ 2,140,427 1,901,252 3,389,141 4,464,818 3,728,177
Adjustment To PEO Compensation, Footnote
(2)
The table below provides the adjustments to the Summary Compensation Table total compensation made to arrive at the compensation actually paid to the PEO and the aver
a
ge compensation actually paid to the
non-PEO
NEOs:
 
Fiscal Year
 
Executives
 
Summary
Compensation
Table Total

($)
   
Minus –
Amount
Reported in
the “Option
Awards”
Column in

the

Summary
Compensation
Table ($)
   
Plus – Fair
Value of
Awards
Granted
During
Covered
Fiscal Year
that Remain
Outstanding
and
Unvested as
of Covered
Fiscal Year
End ($)
(a)
   
Plus/Minus –
Change in
Fair Value of
Outstanding
and
Unvested
Awards
Granted in
Prior Fiscal
Years ($)
(b)
   
Plus/Minus –
Change in
Fair Value of
Awards
Granted
During Prior
Fiscal Years
that Vested
During the
Covered
Fiscal Year

($)
(c)
   
Minus Fair
Value of
Awards
Granted
During
Prior Fiscal
Years that
were
Forfeited
During the
Covered
Fiscal Year

($)
   
Compensation
Actually Paid
($)
 
2025
  PEO     1,191,679       95,669       53,113       343,505       647,799       —        2,140,427  
  Average
for
Non-
PEO NEOs
    464,106       95,046       428,028       187,966       1,261,955       —        2,247,009  
2024
  PEO     966,969       —        —        701,539       232,744       —        1,901,252  
  Average
for
Non-
PEO NEOs
    485,139       178,369       676,067       565,128       389,384       —        1,937,349  
2023
  PEO     2,090,066       1,176,522       —        2,387,906       90,528       (2,836     3,389,141  
  Average
for
Non-
PEO NEOs
    413,594       148,254       —        1,917,315       138,017       (6,918     2,313,754  
2022
  PEO     1,420,744       309,939       —        1,780,517       1,573,496       —        4,464,818  
  Average
for
Non-
PEO NEOs
    482,747       150,374       —        2,759,634       1,922,655       —        5,014,662  
2021
  PEO     1,510,130       543,248       77,425       1,802,464       912,931       (31,525     3,728,177  
  Average
for
Non-
PEO NEOs
    467,858       174,865       —        2,286,279       878,058       (38,019     3,419,311  
 
  (a)
The fair value
amounts
are calculated in accordance with
ASC Topic 718 Compensation – Stock Compensation
(“
ASC 718
”), determined as of the covered fiscal year end.
  (b)
The fair value amounts are determined based on the change in fair value from the prior fiscal year end to the covered fiscal year end calculated in accordance with ASC 718.
  (c)
The fair value amounts are determined based on the change in fair value from the prior fiscal year end to the vesting date calculated in accordance with ASC 718.
       
Non-PEO NEO Average Total Compensation Amount $ 464,106 485,139 413,594 482,747 467,858
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,247,009 1,937,349 2,313,754 5,014,662 3,419,311
Adjustment to Non-PEO NEO Compensation Footnote
(2)
The table below provides the adjustments to the Summary Compensation Table total compensation made to arrive at the compensation actually paid to the PEO and the aver
a
ge compensation actually paid to the
non-PEO
NEOs:
 
Fiscal Year
 
Executives
 
Summary
Compensation
Table Total

($)
   
Minus –
Amount
Reported in
the “Option
Awards”
Column in

the

Summary
Compensation
Table ($)
   
Plus – Fair
Value of
Awards
Granted
During
Covered
Fiscal Year
that Remain
Outstanding
and
Unvested as
of Covered
Fiscal Year
End ($)
(a)
   
Plus/Minus –
Change in
Fair Value of
Outstanding
and
Unvested
Awards
Granted in
Prior Fiscal
Years ($)
(b)
   
Plus/Minus –
Change in
Fair Value of
Awards
Granted
During Prior
Fiscal Years
that Vested
During the
Covered
Fiscal Year

($)
(c)
   
Minus Fair
Value of
Awards
Granted
During
Prior Fiscal
Years that
were
Forfeited
During the
Covered
Fiscal Year

($)
   
Compensation
Actually Paid
($)
 
2025
  PEO     1,191,679       95,669       53,113       343,505       647,799       —        2,140,427  
  Average
for
Non-
PEO NEOs
    464,106       95,046       428,028       187,966       1,261,955       —        2,247,009  
2024
  PEO     966,969       —        —        701,539       232,744       —        1,901,252  
  Average
for
Non-
PEO NEOs
    485,139       178,369       676,067       565,128       389,384       —        1,937,349  
2023
  PEO     2,090,066       1,176,522       —        2,387,906       90,528       (2,836     3,389,141  
  Average
for
Non-
PEO NEOs
    413,594       148,254       —        1,917,315       138,017       (6,918     2,313,754  
2022
  PEO     1,420,744       309,939       —        1,780,517       1,573,496       —        4,464,818  
  Average
for
Non-
PEO NEOs
    482,747       150,374       —        2,759,634       1,922,655       —        5,014,662  
2021
  PEO     1,510,130       543,248       77,425       1,802,464       912,931       (31,525     3,728,177  
  Average
for
Non-
PEO NEOs
    467,858       174,865       —        2,286,279       878,058       (38,019     3,419,311  
 
  (a)
The fair value
amounts
are calculated in accordance with
ASC Topic 718 Compensation – Stock Compensation
(“
ASC 718
”), determined as of the covered fiscal year end.
  (b)
The fair value amounts are determined based on the change in fair value from the prior fiscal year end to the covered fiscal year end calculated in accordance with ASC 718.
  (c)
The fair value amounts are determined based on the change in fair value from the prior fiscal year end to the vesting date calculated in accordance with ASC 718.
       
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid Compared to Total Stockholder Return
 
 
LOGO
       
Compensation Actually Paid vs. Net Income
Compensation Actually Paid Compared to Net Income
 
 
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid Compared to Earnings Per Share
 
 
LOGO
       
Total Shareholder Return Vs Peer Group
Compensation Actually Paid Compared to Total Stockholder Return
 
 
LOGO
       
Tabular List, Table
Tabular List of Company Financial Performance Measures
As described in greater detail in the section entitled “
Compensation Discussion and Analysis
,” our executive compensation program reflects a variable compensation philosophy. The metrics that we use for both our annual cash incentive awards and long-term, equity-based incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our stockholders. The most important financial
 
performance measures used by the Company to link “compensation actually paid” to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
 
Most Important Financial Performance Measures
Earnings per Share
Revenue
Income Before Income Taxes
       
Total Shareholder Return Amount $ 200 256 349 309 188
Peer Group Total Shareholder Return Amount 96 85 116 124 149
Net Income (Loss) $ 95,165,000 $ 76,252,000 $ 66,365,000 $ 66,410,000 $ 46,356,000
Company Selected Measure Amount 1.83 1.47 1.26 1.22 0.85
PEO Name Michael G. Combs        
Measure:: 1          
Pay vs Performance Disclosure          
Name Earnings per Share        
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 3          
Pay vs Performance Disclosure          
Name Income Before Income Taxes        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (95,669)   $ (1,176,522) $ (309,939) $ (543,248)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 53,113       77,425
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 343,505 $ 701,539 2,387,906 1,780,517 1,802,464
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 647,799 232,744 90,528 1,573,496 912,931
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (2,836)   (31,525)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (95,046) (178,369) (148,254) (150,374) (174,865)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 428,028 676,067      
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 187,966 565,128 1,917,315 2,759,634 2,286,279
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 1,261,955 $ 389,384 138,017 $ 1,922,655 878,058
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     $ (6,918)   $ (38,019)